IKOT.PH
The National Electrification Administration (NEA) has welcomed an increase in budget for the continued implementation of electrification projects under this year’s General Appropriations Act (GAA).NEA Administrator Edgardo Masongsong said the national government subsidy for rural electrification was augmented by P768 million from P1.531 billion in the National Expenditure Program (NEP) to P2.299 billion in 2020 […]
The Davao del Norte Electric Cooperative, Inc. (DANECO) recently celebrated its 48th founding anniversary with a series of groundbreaking ceremonies for its electrification projects worth combined over P1 billion, which include the installation of 72 kV (kilovolt) submarine cable to improve the energy supply on the Island Garden City of Samal (IGACOS). National Electrification Administration […]
The National Electrification Administration (NEA) has continued to support the electric cooperatives (ECs) in their various electrification projects focused on improving their services to the communities they serve. Latest data from the NEA Accounts Management and Guarantee Department (AMGD) showed that from January to June 2019, the state-run agency released P395 million worth of loans to […]
Several electrification projects in 2018 ranging from installation of new substations, construction of distribution lines, to rehabilitation of mini-hydro power plants were financed through loans offered by state-run National Electrification Administration (NEA). Data from the NEA Accounts Management and Guarantee Department (AMGD) showed P2.084 billion worth of loans, including calamity loans, were extended to 62 […]